Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.82
IBCP's Cash to Debt is ranked higher than
79% of the 1587 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.37 vs. IBCP: 1.82 )
IBCP' s 10-Year Cash to Debt Range
Min: 0.09   Max: 4.08
Current: 1.82

0.09
4.08
Equity to Asset 0.11
IBCP's Equity to Asset is ranked higher than
75% of the 2016 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.09 vs. IBCP: 0.11 )
IBCP' s 10-Year Equity to Asset Range
Min: 0.04   Max: 0.11
Current: 0.11

0.04
0.11
Interest Coverage 3.45
IBCP's Interest Coverage is ranked higher than
84% of the 1874 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.39 vs. IBCP: 3.45 )
IBCP' s 10-Year Interest Coverage Range
Min: 0.05   Max: 3.45
Current: 3.45

0.05
3.45
F-Score: 3
Z-Score: 0.13
WACC vs ROIC
8.08%
9.71%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) 22.51
IBCP's Operating margin (%) is ranked higher than
65% of the 2048 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.19 vs. IBCP: 22.51 )
IBCP' s 10-Year Operating margin (%) Range
Min: -55.42   Max: 37.23
Current: 22.51

-55.42
37.23
Net-margin (%) 16.09
IBCP's Net-margin (%) is ranked higher than
65% of the 2048 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.03 vs. IBCP: 16.09 )
IBCP' s 10-Year Net-margin (%) Range
Min: -57.34   Max: 63.12
Current: 16.09

-57.34
63.12
ROE (%) 7.46
IBCP's ROE (%) is ranked higher than
72% of the 2051 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.74 vs. IBCP: 7.46 )
IBCP' s 10-Year ROE (%) Range
Min: -59.22   Max: 42.29
Current: 7.46

-59.22
42.29
ROA (%) 0.80
IBCP's ROA (%) is ranked higher than
74% of the 2054 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.79 vs. IBCP: 0.80 )
IBCP' s 10-Year ROA (%) Range
Min: -3.05   Max: 3.66
Current: 0.8

-3.05
3.66
ROC (Joel Greenblatt) (%) 53.54
IBCP's ROC (Joel Greenblatt) (%) is ranked higher than
69% of the 2016 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 80.18 vs. IBCP: 53.54 )
IBCP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -128.05   Max: 121.16
Current: 53.54

-128.05
121.16
Revenue Growth (3Y)(%) 32.90
IBCP's Revenue Growth (3Y)(%) is ranked higher than
99% of the 1755 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.70 vs. IBCP: 32.90 )
IBCP' s 10-Year Revenue Growth (3Y)(%) Range
Min: -69.2   Max: 32.9
Current: 32.9

-69.2
32.9
» IBCP's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

IBCP Guru Trades in Q1 2014

George Soros 33,000 sh (New)
Paul Tudor Jones 20,000 sh (unchged)
Jim Simons 376,369 sh (-16.47%)
» More
Q2 2014

IBCP Guru Trades in Q2 2014

Paul Tudor Jones Sold Out
George Soros Sold Out
Jim Simons 328,879 sh (-12.62%)
» More
Q3 2014

IBCP Guru Trades in Q3 2014

Jim Simons 288,200 sh (-12.37%)
» More
Q4 2014

IBCP Guru Trades in Q4 2014

Jim Simons 320,866 sh (+11.33%)
» More
» Details

Insider Trades

Latest Guru Trades with IBCP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)



No Guru Trades Found!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 16.10
IBCP's P/E(ttm) is ranked higher than
73% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 18.10 vs. IBCP: 16.10 )
IBCP' s 10-Year P/E(ttm) Range
Min: 1.55   Max: 205.63
Current: 16.1

1.55
205.63
Forward P/E 13.77
IBCP's Forward P/E is ranked higher than
73% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 18.08 vs. IBCP: 13.77 )
N/A
PE(NRI) 16.90
IBCP's PE(NRI) is ranked higher than
76% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 18.00 vs. IBCP: 16.90 )
IBCP' s 10-Year PE(NRI) Range
Min: 1.6   Max: 255.67
Current: 16.9

1.6
255.67
P/B 1.20
IBCP's P/B is ranked higher than
73% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.35 vs. IBCP: 1.20 )
IBCP' s 10-Year P/B Range
Min: 0.18   Max: 3.21
Current: 1.2

0.18
3.21
P/S 2.70
IBCP's P/S is ranked higher than
74% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.71 vs. IBCP: 2.70 )
IBCP' s 10-Year P/S Range
Min: 0.03   Max: 4.53
Current: 2.7

0.03
4.53
POCF 23.60
IBCP's POCF is ranked higher than
74% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 48.59 vs. IBCP: 23.60 )
IBCP' s 10-Year POCF Range
Min: 0.18   Max: 51.47
Current: 23.6

0.18
51.47
EV-to-EBIT 10.27
IBCP's EV-to-EBIT is ranked higher than
88% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 19.66 vs. IBCP: 10.27 )
IBCP' s 10-Year EV-to-EBIT Range
Min: -117.9   Max: 318.8
Current: 10.27

-117.9
318.8
Days Sales Outstanding 23.58
IBCP's Days Sales Outstanding is ranked higher than
93% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. IBCP: 23.58 )
IBCP' s 10-Year Days Sales Outstanding Range
Min: 9.97   Max: 75.58
Current: 23.58

9.97
75.58

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.90
IBCP's Dividend Yield is ranked lower than
61% of the 1923 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.36 vs. IBCP: 1.90 )
IBCP' s 10-Year Dividend Yield Range
Min: 0.46   Max: 19.77
Current: 1.9

0.46
19.77
Dividend Payout 0.23
IBCP's Dividend Payout is ranked higher than
84% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.61 vs. IBCP: 0.23 )
IBCP' s 10-Year Dividend Payout Range
Min: 0.23   Max: 3.14
Current: 0.23

0.23
3.14
Yield on cost (5-Year) 1.90
IBCP's Yield on cost (5-Year) is ranked lower than
61% of the 1933 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.60 vs. IBCP: 1.90 )
IBCP' s 10-Year Yield on cost (5-Year) Range
Min: 0.46   Max: 19.77
Current: 1.9

0.46
19.77
Share Buyback Rate 30.40
IBCP's Share Buyback Rate is ranked higher than
97% of the 1469 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.20 vs. IBCP: 30.40 )
IBCP' s 10-Year Share Buyback Rate Range
Min: 30.4   Max: -211.5
Current: 30.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.20
IBCP's Price/Tangible Book is ranked higher than
77% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.60 vs. IBCP: 1.20 )
IBCP' s 10-Year Price/Tangible Book Range
Min: 0.32   Max: 10.37
Current: 1.2

0.32
10.37
Price/DCF (Projected) 1.30
IBCP's Price/DCF (Projected) is ranked higher than
78% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. IBCP: 1.30 )
IBCP' s 10-Year Price/DCF (Projected) Range
Min: 0.08   Max: 3.24
Current: 1.3

0.08
3.24
Price/Median PS Value 1.90
IBCP's Price/Median PS Value is ranked higher than
62% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.30 vs. IBCP: 1.90 )
IBCP' s 10-Year Price/Median PS Value Range
Min: 0.04   Max: 5.4
Current: 1.9

0.04
5.4
Price/Graham Number 0.90
IBCP's Price/Graham Number is ranked higher than
79% of the 2686 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.23 vs. IBCP: 0.90 )
IBCP' s 10-Year Price/Graham Number Range
Min: 0.12   Max: 6.51
Current: 0.9

0.12
6.51
Earnings Yield (Greenblatt) 9.70
IBCP's Earnings Yield (Greenblatt) is ranked higher than
85% of the 2041 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.50 vs. IBCP: 9.70 )
IBCP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 1021.3
Current: 9.7

0.3
1021.3
Forward Rate of Return (Yacktman) 66.67
IBCP's Forward Rate of Return (Yacktman) is ranked higher than
94% of the 1318 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.65 vs. IBCP: 66.67 )
IBCP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -206.6   Max: 108.4
Current: 66.67

-206.6
108.4

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
Independent Bank Corp (Ionia MI) was incorporated under the laws of the State of Michigan on September 17, 1973, for the purpose of becoming a bank holding company. It is registered under the Bank Holding Company Act of 1956 and owns the outstanding stock of Independent Bank which is organized under the laws of the State of Michigan. The Bank's activities cover all phases of banking, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services. Mepco Finance Corporation, a subsidiary of its Bank, acquires and services payment plans used by consumers to purchase vehicle service contracts provided and administered by third parties. In addition, the Bank offers title insurance services through a separate subsidiary and provides investment and insurance services through a third party agreement with Cetera Investment Services LLC. The Company's main markets are the rural and suburban communities across Lower Michigan that is served by its Bank's branch network. The Bank serves its markets through its main office and a total of 70 branches, 2 drive-thru facilities and 5 loan production offices. The Bank competes with other commercial banks, savings banks, credit unions, mortgage banking companies, securities brokerage companies, insurance companies, and money market mutual funds. The Company is subject to regulation by, the Federal Reserve under the Bank Holding Company Act.
» More Articles for IBCP

Headlines

Articles On GuruFocus.com
Independent Bank Corp. Reports Operating Results (10-K) Mar 10 2011 
Independent Bank Corp. Reports Operating Results (10-Q) Nov 04 2010 
Independent Bank Corp. Reports Operating Results (10-Q) Aug 06 2010 
Independent Bank Corp. Reports Operating Results (10-Q) May 11 2010 
Independent Bank Corp. Reports Operating Results (10-Q) Nov 06 2009 
Independent Bank Corporation Reports 2009 Second Quarter Results Jul 28 2009 
Independent Bank Corp. Reports Operating Results (10-Q) May 08 2009 
Independent Bank Corporation Reports 2008 Fourth Quarter And Full Year Results Jan 26 2009 

More From Other Websites
Independent Bank Corporation Announces Date For Its First Quarter 2015 Earnings Release Mar 24 2015
Rockland Trust execs see big pay bumps for 2014 Mar 24 2015
Independent Bank Corp. Announces 8% Increase in Quarterly Dividend Mar 19 2015
INDEPENDENT BANK CORP /MI/ Financials Mar 13 2015
10-K for Independent Bank Corp. (Michigan) Mar 08 2015
INDEPENDENT BANK CORP /MI/ Files SEC form 10-K, Annual Report Mar 06 2015
Independent Bank’s Logo and ATM Wraps Win West Michigan ADDY Awards Mar 04 2015
Independent Bank Opens Caledonia Loan Center Mar 04 2015
Independent Bank Opens Kalamazoo Loan Center Mar 04 2015
Independent Bank Corp. Announces Completion of Peoples Federal Bancshares, Inc. Acquisition and... Feb 20 2015
Independent Bank Corporation Reports 2014 Fourth Quarter and Full Year Results; Branch Consolidation... Feb 16 2015
Independent Bank Corporation Announces Quarterly Cash Dividend On Its Common Stock Feb 16 2015
Rockland Trust, coming off strong Q4, looks for more deals Jan 23 2015
Independent Bank posts 4Q profit Jan 23 2015
Independent Bank posts 4Q profit Jan 23 2015
INDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Results of Operations and Financial Condition, Costs... Jan 23 2015
Independent Bank Corporation Reports 2014 Fourth Quarter and Full Year Results; Branch Consolidation... Jan 23 2015
Independent Bank Corp. posts 4Q profit Jan 22 2015
Independent Bank Corp. posts 4Q profit Jan 22 2015
Independent Bank Corporation Announces Quarterly Cash Dividend On Its Common Stock Jan 21 2015

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK